Company officially spins out of Allen Institute for Artificial
Intelligence (AI2)

February 02, 2017 07:30 AM Eastern Time

SEATTLE--(EON: Enhanced Online News)--Xnor.ai, a startup focused on the development and commercialization of
AI models that can run directly on edge devices, today announced seed
funding of $2.6 million from Madrona Venture Group with support from the
Allen Institute for Artificial Intelligence.

“We believe that AI is core to the future of computing and Xnor.ai
enables unprecedented levels of responsiveness, speed, and reliability”

Xnor.ai has pioneered a lightweight AI framework that enables deep
learning, machine vision, and speech recognition to be done directly on
devices – scalable all the way down to the $5 Raspberry Pi Zero. Today,
AI technologies like image and voice recognition are changing how we
interact with the world, but scalable, commercial applications of these
AI algorithms require massive computations and connections to server
farms. Xnor.ai’s technology makes these kinds of AI services portable on
resource constrained devices such as phones, smart watches, cameras,
cars, embedded devices and the smallest Raspberry PI device. Xnor.ai’s
platform does not require sending data to servers so the data can remain
on the device ensuring the highest levels of privacy and
battery-efficient performance.

The team, led by co-founders Ali Farhadi, CEO and Mohammad Rastegari,
CTO will use the funding to further develop the platform and work with
application developers, chip designers and companies developing AI
applications for edge devices such as drones, cars, industrial
machinery, and smart cameras.

“We believe that AI is core to the future of computing and Xnor.ai
enables unprecedented levels of responsiveness, speed, and reliability,”
said Ali Farhadi, CEO, Xnor.ai. “Our technology closes the gap between
the demands of state of the art AI and the resources available in
computer platforms around us – we are making AI ubiquitous.”

“Alexa and the Echo have changed how we think about voice recognition
systems. Google and Facebook have enabled us to easily identify the
faces of our friends in photos. But all of those services require a
solid connection to the cloud and intensive GPU data farms,” said Matt
McIlwain, managing director, Madrona Venture Group. “Imagine what is
possible if that style of computing could be done on the device in your
hand, on your wrist, or in your car. We believe the future of AI will
rest on creating systems that combine the value of core and edge device
learning. We are excited to work with Ali and Mohammad on building
Xnor.ai.”

“While AI and machine learning are powering incredible apps and
soultions that can automatically drive cars, identify people and objects
in photos and videos, and act on our every word, they require GPUs to
perform massive computations. Our technology at Xnor.ai enables running
state of the art AI on commodity CPUs which changes the game,” said
Mohammad Rastegari, CTO.

Oren Etzioni, CEO of AI2 added, “Ali and Mohammad are some of the best
technical minds in the field of machine vision, and have a remarkable
technological breakthrough that’s led us to spin off xnor.ai.
I foresee a very bright future for the company.” Oren Etzioni and Matt
McIlwain join the board of Xnor.ai as part of the funding.

About Xnor.ai

Xnor.ai is a group of experienced innovators working to make AI
dramatically more efficient, and put it into every device. For more
information on our technology, research, and team please visit www.xnor.ai

About Madrona Venture Group

Madrona (www.madrona.com)
has been investing in early-stage technology companies in the Pacific
Northwest since 1995 and has been privileged to play a role in some of
the region's most successful technology ventures. The firm invests
predominately in seed and Series A rounds across the information
technology spectrum, including consumer Internet, commercial software
and services, digital media and advertising, networking and cloud
computing, and mobile. Madrona manages approximately $1 billion and was
an early investor in companies such as Amazon.com, Apptio, Rover.com,
and Redfin.

About AI2

AI2 was founded in 2014 with the mission of contributing to humanity
through high-impact AI research and engineering. AI2 is the creation of
Paul Allen, Microsoft co-founder, and is led by Dr. Oren Etzioni, a
world-renowned researcher and professor in the field of AI and computer
science. AI2 has undertaken four main projects, Aristo, Semantic
Scholar, Euclid and Plato to
drive fundamental advances in science and medicine through AI. AI2 has
spun out two start-ups, KITT.AI in 2015 and Xnor.ai in 2016.